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January 6, 2009



REO resources

REO RESOURCES When homes in foreclosure fail to sell at auction, lenders repossess them, and they become what's known in the industry as REOs, for "real-estate owned.

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Colorado Offers Foreclosure Counseling

Sen. Ken Salazar says Congress is working on legislation to address the rising rate of home foreclosures. It's an effort to help homeowners already in foreclosure and prevent others from getting into trouble.

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Fed calls for foreclosure solutions

WASHINGTON | Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.

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